APRIL 2002 PRESS RELEASE
Latest Report From Feedback Research Services Analyzes Multibillion Dollar Consumer-Driven Health Markets
April 18, 2002 (Jacksonville OR): With heightened health consciousness, more Americans are choosing to spend personal income on medical services that extend beyond those recommended by their physicians. Another interesting development is that proactive health care consumers aren’t necessarily among the wealthiest Americans. The popularity of cardiac and health diagnostic scans demonstrates this trend, with market research and news organizations estimating that between 350,000 and 400,000 such scans may be conducted by year-end 2002.
Demand for cosmetic and laser eye surgery procedures also illustrates consumer willingness to spend discretionary income on services that are not typically covered by insurers or third-party payers. Extrapolation of survey data gathered by the American Society For Aesthetic Plastic Surgery (ASAPS; New York NY) suggests that liposuction procedures alone accounted for almost $1.0 billion in physician/surgeon fees in 2001. In the ophthalmology segment, 1.0+ million Laser-Assisted In Situ Keratomileusis (LASIK) surgeries were performed in 2001, generating an estimated $1.3 billion.
The 175-page "Consumer-Driven Health Markets" report from Feedback Research Services focuses on market segments involving elective dermatology, diagnostic imaging, and ophthalmology procedures. Product markets are briefly summarized. Analysis of growth rates, market trends, and revenues from 2001 through 2005 emphasizes individual and combined medical services that are promoted to consumers by corporate entities, free standing facilities, health organizations, hospitals, physicians, and/or specialists. Additional coverage highlights luxury services offered in hospital pavilions and medical spas, as well as the potential future role of e-health, interactive, and remote health monitoring.
